Could someone explain this strategy, please? I'm new to the Forum and ran across this and it has peaked my interest. I have a manual strategy that i first thought was very similar, but now I'm not so sure. If I understand what I've read correctly, this buys at the MA high and sells at the MA low, is that correct?
If so, wouldn't it be more profitable if it was just the opposite? Sells at the MA high and buys at the MA low?
On my manual strategy, I have a series of MA's running on the 4hr. If the price is running below these MA's, it is a sell environment and if it's running above, it is a buy. Therefore you don't buy if the price is below and vice versa. I refer to my MA's as a cable.
When the price runs through the cable, it generally continues it's overall trend and therefore I enter to continue the trend.
When it runs through is an entrance and I limit my entrance to 30 pip with a stop at 15.
Is there anyway I could adapt the GRAB strategy to my manual?